Press release on 11.08.2008

  Al Qertas : 20 Million Dinars The Cost of the Projects of the United Project Group Holding

Vice chairman and managing director of the united group holding declared that the company is executing a 20 million k.d projects in al kheran which costs 9 million k.d, and constructing an 11 million k.d commercial complex in al Jibal area in Kuwait city.

Al qertas announced also that the company will be listed in the Kuwaiti stock market after fulfilling all the conditions. He also pointed that the company has opened K.T side high class furniture show room which is owned by 74%. Also the “real serve company” for reality marketing and services has established. And for the potential projects abroad, al qertas declared that the company is going to execute reality projects in KSA and UAE in future. He also announced that the profits of the first fiscal year are 28% added on capital .

 

Press release on 20.02.2008

  United Projects purchases plots in Khairan Pearls Project

United Projects Holding Group announced that it has purchased commercial plots in Khairan Pearls Project in order to develop it.

Nezar Al Qertas, the Vice-Chairman and Managing Director, confirmed that the Group aims to construct commercial complex on one of the plots of total value ranging from Kuwaiti Dinars 8 to 10 millions and declared that contracts have been concluded with the leading engineering consultation company to carry out the engineering designs to go with the features and future of the project.

Features of the project

Al Qertas confirmed that the project will have integral housing, touristic, entertainment and commercial feature because of the urgent need on the area for commercial services.

He also stated that the most important advantages of the project are embodied in that the owners of all housing plots will take title deeds.

Al Qertas expected that the project will be the first project with regard to the volume of demand from youth generations because it is considered as an integral city contains all services and which considered absent similar areas like in Messila and Bedaa.

He also indicated that it is expected the multiplication of population density in Khairan according to the governmental plan which includes the construction of the most huge housing city in Kuwait and whose housing capacity will be 500,000 individuals.

 

Al-Qabas Newspaper
United Project Holding Group owns certain plots in Khairan Pearls Projects [More Details...]

 

Press release on 24.01.2008

  “Fast Teleco” concluded a cooperation agreement with United Projects

Fast Teleco has signed cooperation agreement with United Projects Holding Group to provide communication and internet services to Elite Tower owned by the Group and which located in heart of the commercial capital.

Saoud Alghanim, the Managing Director of Fast Teleco, confirmed that our company has adapted their customers, whether individuals or companies, to acquire the most modern means of communications and Internet, and this agreement is a real translation of the activities of the company in this frame.

Alghanim reported that Fast Teleco has entered the market while it gives main concern to the highest quality of service and he affirmed that the company has, in this frame, connected its network with more than one method in order to ensure the continuity of its operative competence and avoid any possible breakdowns, that could happen , he explained also the continuity of operational efficiency and avoid any malfunction could happen explaining the first method is through the west cable via North Africa way and the second method is through the east cable in Arab Gulf.

 

Al-Watan Newspaper
Network has developed its network recently
“Fast Teleco” signed an agreement with United Projects to provide communication and Internet solutions to Elite Tower . [More Details...]

 

Press release on 04.12.2007

  United Projects realized profits of 48% on the capital from selling of a plot of land in Dubai

Chairman and Managing Director of United Projects Group Holding, Nezar Al Qertas, announced that the company has sold a plot of land in Dubai of 4000 square meters for a value of Dirham 14,5 millions and thus realized profits of 48% on the capital and he indicated that these profits have exceeded all expectations.

Al Qertas explained that the high growth rates in real-estate consultations in UAE have been realized by the openness of UAE, and laws and facilities attracting Gulf and foreign investments.

Other opportunities

Al Qertas said that the company intends to enter into other real-estate projects inside Kuwait and abroad, and said that the delay of Kuwait in economic reformation and comprehensive economic development is affecting the provision of vacant positions to the national manpower and increase the burdens of next generations.

Al Qertas declared that United Projects Holding Group has established United Real-Estate Projects Group to carry out the investment operations and development of properties owned by the Holding Group inside Kuwait and abroad.

Al Qabas Newspaper
Planning to expand in real-estate projects in Kuwait
“United Projects” realized return of 48% on the sale of lands in Dubai for Dirham 14,5 millions.
1. [More Details...]
2. [PDF]

 

Press release on 04.10.2007

  Holding Projects commences the construction of housing tower in Dubai at the beginning of 2008

Al Qertas announced the governmental approval to transfer the legal form of the company to Shareholding Company “Holding” to fulfill the expansions and future ambitions of the company.

Furthermore; he affirmed that the company will commence the construction works of a housing complex in Dubai at the beginning of the next year as the project value is KD 7-8 millions approximately. All engineering designs of the project have been completed.

It is expected that the project will be completed at the end of 2009 and the complex will provide various and integral services to its inhabitants.

Al Qertas has admired the considerable development magnitude by UAE in the real-estate market because of the hugeness of real-estate investments and high returns, as the company has realized profits through selling of one of its properties in Ajman within short term.

All these have been realized by the ambitious and constructive planning of people in-charge in UAE in order to exploit national capitals inside the country in addition to attracting investments. He indicated that the real-estate market in Kuwait needs certain laws to regulate thereof and flexible procedures to compete Gulf real-estate markets.

Al Qertas announced also of a new project in Kuwait targeting the upper class in society.

04.10.2007
Al Qabas Newspaper
“Holding Projects” constructing housing complex in Dubai of KD 8 millions [More Details...]

 

Press release on 02.07.2007

  Salman Al Sabah: Signing of Elite Tower contract for KD 11 millions at Qibla

United Projects Group Holding has signed a contract for the construction for Commercial Tower in Qibla Area ( Kuwait ). The total value of the project ranging from Kuwaiti Dinars 10 to 11 millions and it is expected to complete at the beginning of 2009.

The Group has entrusted Salah Al Qalaf Office - Consultant Engineers - to supervise the project. The tower is considered as one of the smart buildings because of its technological specifications and telecommunication networks in addition to the security and protection system for offices in the tower.

In addition to that, the Group has launched new service “My Consultant Service”. This service is provided to citizens concerned to construct their own houses in distinct manner and with studied costs for definite term.

Al Qertas (Chairman and Managing Director) added that the company has transferred its legal form from real-estate company to holding company in order to fulfill the requirements and expansions of the company.

07.02.2007
Al-Qabas Newspaper
Consisting of 22 floors and on an area of 440 square meters in Qibla
United Projects Group constructing commercial tower of KD 11 millions. [More Details...]

 

Press release on 10.06.2008

United Real-Estate: Sale in Ajman and housing investment in Dubai

Mr. Nezar Al Qertas, the Vice-Chairman and Managing Director of United Projects Group Holding announced that the group is about to execute certain real-estate projects in Kuwait and UAE, as the group has purchased a plot of land of 43,000 m² in Dubai to construct housing complex. This has been carried out after its study of the investment opportunity in the area and its knowledge that such project will be a promising investment opportunity for middle class tenants.

Al Qertas reported that the sale of one of the group's investments in Ajman has realized a return of 19% on the capital within four months only.

He reported also that the ambitious planning by the people in-charge in UAE has made thereof an active and promising market particularly in the field of real-estate construction.

Besides, Mr. Al Qertas announced his wishes Kuwait country follows the steps of UAE in the real-estate, construction and investment development.

10.06.2007
Al Qabas Newspaper
United Real-Estate: Sale in Ajman and housing investment in Dubai [More Details...]

 

Press release on 28.01.2007

  United Real-Estate Projects constructing a housing tower in Ajman

Chairman of United Real-Estate Projects Group, Sheikh/ Salman Khaled Al Sabah, announced that the group is about to enter a different real-estate projects in certain Arab and Gulf Countries through the consortium of the Group with leading companies.

Sheikh/ Salman confirmed that the Group has purchased a plot of land of 2000 square meters in Ajman in distinct location and one of most famous consultancy offices has been entrusted to carry out the feasibility study of the land upgrading project to construct housing tower with commercial ground floor at height of 40 floors. He indicated that the most important advantage of this tower is the free hold ownership system for foreigners as the ownership in Ajman is for lifetime.

Climate of Investment

Sheikh/ Salman has discussed the climate of investment in Ajman as he stated “ Ajman is witnessing high boom in real-estate investments and such boom has expanded to cover the other emirates”.

Sheikh/ Salman added that the facilities provided by the government of UAE and the confidence given to investors will make UAE at the top of countries attracting investment and particularly the real-estate investment.

28.01.2007
Al Qabas Newspaper
“United Projects”: Housing tower for ownership in Ajman [More Details...]

 
 
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